(Wireless-NewsWire.Com, October 11, 2018 ) According to Verified Market Intelligence, the Global Supply Chain Analytics Market was valued at USD 3.61 Billion in 2017 and is projected to reach USD 9.83 Billion by 2025, growing at a CAGR of 13.4% from 2018 to 2025.
Supply chain analytics is a complex process that involves various industries and organizations with different goals and objectives. This process mainly includes an application of mathematics, predictive modeling, statistics and machine-learning techniques for designing and managing a supply chain. Supply chain analytics contains complete value chain: sourcing, distribution, manufacturing, and logistics. It helps business professionals to make data-driven decisions at both strategic and operational levels. The main purpose of supply chain analytics is to enhance the operational efficiency and effectiveness of the industries.
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Increasing awareness about the benefits of supply chain analytics can help in predicting accuracy along with increasing product life cycles and fluctuating customer demands have been driving the global supply chain market. Apart from this, growing concern of security of data and lag in deployment might hinder the overall growth at a global level.
The “Supply Chain Analytics Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Birst Inc., Capgemini, Genpact, IBM Corporation, Kinaxis Inc., MicroStrategy, Oracle Corporation, SAP SE, SAS Institute Inc., and Tableau Software. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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